Legal Business

To determine the financial stability of a law firm, how far should legal departments inquire?

When coalescing its group of outside counsel into a smaller number of primary firms or selecting a firm for a multi-year commitment, a law department rightfully wants to select firms that are financially solid, that will prosper during the term of the agreement. That desire prompts questions in the Request for Proposal about firms' financial and management strength. But are there limits to the breadth and depth of those questions?

Read the complete post at the Legal Department Management Blog.